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Resignation of Key Managerial Personnel

Every company belonging to such class or classes of companies as may be prescribed shall have the following whole-time key managerial personnel—

 

(i) managing director, or Chief Executive Officer or manager and in their absence, a whole-time director; (ii) company secretary; and (iii) Chief Financial Officer.

Google Review Rating

4.9/5

Market Price

5000/-

Instabizfilings Price

₹ 2118 excl. GST

₹ 2499 incl. GST

Complete Date

27-04-2024
  • You Save INR 2500/- (50%) on the above Service.

    ROC Fees/Governemnt Fees will be charged at actuals

    Late fees if any will be beared by the Client/Customer.

Offers and Discount

No Cost EMI available available over Rs 3,000

10% Discount on your first purchase

18% GST Credit available

Scope of Work:

  • 1. Preparation of Board Meeting documents for resignation of KMP; 

     

    2. Preparation of documents for attachment in e-forms;

     

    3. Preparation of e-forms;

     

    4. Arranging for Certification of e-forms;

     

    5. Resubmission of e-forms, if any.

FAQs

The KMPs are responsible for taking crucial company decisions and managing the employees. They are also liable when the company does not follow the mandatory compliances laid down by the Act.

According to sub-section 60 of section 2 of the Companies Act,2013 Key Managerial Personnel is considered as an officer in Default for any provision in this Act which enacts that an officer of the company who is in default shall be liable to any penalty or punishment by way of imprisonment, fine or otherwise.

Key employees can reduce your workload, noticeably improve company performance and operations, and act as the backbone of a successful business sale in the future.

Form DIR-12 is required to be filed by Company for Resignation of Key Managerial Personnel.

Rule 8 (2) of the Companies (Meeting of Board and its Powers) Rules, 2014 prescribed that the appointment or removal of key managerial personnel (KMP) shall be done at meeting of the Board only.

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